3D Systems Reports Second Quarter 2020 Financial Results


(a) The amounts for cash and cash equivalents shown above include restricted cash of $967 and $944 as of June 30, 2020 and 2019, respectively, and $952 and $921 as of December 31, 2019, and 2018, respectively, which were included in Other assets, net, in the condensed consolidated balance sheets.
  

3D Systems Corporation
Loss Per Share
Quarter and Six Months Ended June 30, 2020 and 2019

  Quarter Ended June 30,  Six Months Ended June 30,
(in thousands, except per share amounts) 2020  2019  2020  2019
Numerator for basic and diluted net loss per share:       
Net loss attributable to 3D Systems Corporation$(37,951) $(23,929) $(56,875) $(48,324)
        
Denominator for basic and diluted net loss per share:       
Weighted average shares115,503   113,433   115,047   113,350  
        
Net loss per share - basic and diluted$(0.33) $(0.21) $(0.49) $(0.43)
                

3D Systems Corporation
Unaudited Reconciliations of GAAP to Non-GAAP Measures
Quarter and Six Months Ended June 30, 2020 and 2019

  Quarter Ended June 30,  Six Months Ended June 30,
(in millions, except per share amounts) 2020  2019   2020   2019
GAAP Operating income (loss) $ (33.9 )   $ (19.2 )   $ (52.1 )   $ (40.5 )
Adjustments:              
Amortization, stock-based compensation & other (1) 11.4      12.6      22.1      24.8   
Legal, acquisition and divestiture related (2) 0.2      5.1      0.5      5.9   
Cost optimization plan, including severance costs (3) 0.5      3.9      2.8      5.6   
Product end-of-life adjustment (5) 10.9      —      10.9      —   
Non-GAAP Operating income (loss) $ (10.8 )   $ 2.4      $ (15.9 )   $ (4.2 )
               

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